Middle East
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Abu Dhabi's Union National Bank is looking for a margin of 75bp over Libor for a $500m three year loan, according to a banker on the deal. -
Turkish banks have become reliant on short term MTN funding, using access to that market as a reason to refuse to print benchmarks after their spreads have drifted wider this year.
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CEEMEA supply is stumbling, with the week’s tally at one deal priced and one deal pulled. But Latin American offers hope of more fresh paper, with Mexican, Brazilian and Caribbean corporates all readying deals.
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Israeli pharmaceutical company Teva has 15 days to raise $33.75bn of funds to buy US firm Allergan's generics business.
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One of the two largest project finance loans in the Turkish pipeline has already been financed entirely by local banks, but there could be international lenders in a forthcoming motorway project.
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The deadline for banks to submit proposals for Turkish Airlines’ loan is the end of this week, according to a banker on the deal.
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One loans director recalls receiving an unexpected Turkish bath at a loan signing ceremony.
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Saudi Electricity Company is asking to pay a margin of between 35bp and 50bp for a basket of up to $5bn of loans, according to a banker on the deal.
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Akbank AG, the Frankfurt based subsidiary of Turkey’s Akbank, has completed a $205m refinancing and increased the syndicate to 19 banks.
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Abu Dhabi National Energy Company (Taqa) has closed its $3bn refinancing, with the deal oversubscribed despite what loan officials described as “aggressive” negotiations with banks.
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Dubai Aerospace Enterprise will repay $705m of loans ahead of schedule with funds from the sale of its maintenance, repair and operations unit, StandardAero.
